The cryptocurrency market is experiencing a calm Sunday, with Bitcoin trading at $66,599 and some altcoins showing positive signs. Despite the recent Fed meeting shock, investors are hopeful that the low inflation data will continue, sparking buying activity. However, analyst Benjamin Cowen believes that the altcoin bull run is dependent on Federal Reserve rate cuts.

Cowen predicts that the altcoin market will not fully recover until the Fed lowers interest rates, similar to the 2019 trend. He advises investors to be cautious, as many altcoins are declining, and the advance/decline index is falling. Cowen expects Bitcoin dominance to rise to around 60%, absorbing liquidity from the altcoin market.

While Cowen's analysis may indicate a wait-and-see approach for investors who missed the November 2022 bottom, it's important to remember that analysts can be wrong, and the future is unpredictable. Investors should exercise caution and consider multiple perspectives before making investment decisions.

In conclusion, the cryptocurrency market is in a state of flux, with investors monitoring trends and awaiting potential Fed rate cuts to spark an altcoin rally. While analysts like Cowen provide valuable insights, investors must remain vigilant and adapt to the ever-changing market landscape.